Author

Marc Chandler 872 posts 0 comments

Marc Chandler joined Brown Brothers Harriman in October 2005 as the global head of currency strategy. Previously he was the chief currency strategist for HSBC Bank USA and Mellon Bank. In addition to frequently providing insight into the developments of the day to newspapers and news wires, Chandler's essays have been published in the Financial Times, Barron's, Euromoney, Corporate Finance, and Foreign Affairs. Marc appears often on business television and is a regular guest on CNBC and writes a blog called Marc to Market. Follow him on twitter.

Markets

Dollar Consolidates, Sterling Shines

Marc Chandler Jul 14, 2010

Highlights The US dollar is consolidating its recent losses in largely uneventful activity. Sterling is the main exception to the generalization. Boosted by the firmer than expected CPI report yesterday and today’s favorable…

Markets

Euro Gains Despite Portugal Downgrade; Equity Markets Higher

Marc Chandler Jul 13, 2010

Highlights US dollar was weaker vs. the majors, as the euro recovered to end the day higher after it fell to its lowest level vs. the dollar since July 6. Moody’s downgraded Portugal to A1 from Aa2, but this was offset by strong…

Markets

Portugal Downgraded; Spain’s Turn Again ?

Marc Chandler Jul 13, 2010

Spain's Finance Minister Salgado says the downgrade of Portugal earlier today does not put pressure on Spain. It is true as far as it goes, but of course Spain's problem transcends Portugal. The ruling Socialists in Spain are seven seats…

Markets

After Portugal Cut, Push-Me Pull-You Choppy Price Action

Marc Chandler Jul 13, 2010

Highlights The US dollar is broadly mixed as the news stream buffets the foreign exchange market. A better than expected reception to the Greek T-bill auction helped mitigate the reaction to Moody’s decision to cut Portugal’s…

Markets

Canadian Jobs Data Underscore Likelihood of Rate Hike

Marc Chandler Jul 12, 2010

Canada reported incredibly strong jobs data before the weekend. Canada grew 93.2k jobs, more than 4 times more than than market expected. It grew almost 50k full time jobs. These are impressive numbers and renews…

Markets

Market Monday: Equities Mixed, Dollar Recovers, Bond Safe Havens Sought

Marc Chandler Jul 12, 2010

Highlights The US dollar is generally firmer against most of the major and emerging market currencies to start the new week. It has staged a reversal of sorts before the weekend and there has been follow through today. The euro…

Markets

Possible Head and Shoulders Bottom Pattern in Euro

Marc Chandler Jul 9, 2010

The euro has been sold off in early North American activity. It does not appear to be news/event driven, but rather some week end profit-taking that triggered some stops. We do note that many were looking had targeted the…

Markets

Pre-Market: Equities Mostly Higher, Bonds Lower, Dollar Consolidating

Marc Chandler Jul 9, 2010

Highlights The US dollar consolidating this week’s losses against most of the major currencies; trading with a firmer bias within yesterday’s trading ranges. The general forces weighing on greenback remain intact. The negative…

Markets

Pre-Market Update: Bond and Equity Markets Higher, Dollar Mixed

Marc Chandler Jul 8, 2010

Highlights The US dollar continues to trade with a heavier bias against the major and emerging market currencies. The yen and Swiss franc’s softer tone appears to be largely a function of the return of risk appetites, though Japan…

Economy

Early Reports on European Stress Tests — Ain’t So Tough

Marc Chandler Jul 7, 2010

Some reports suggest that the stress that European banks may be tested for include a 17% loss on Greek bonds and a 3% loss on Spanish bonds German bunds and possibly French bonds will not be stressed--that is to say the stress test…

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